World Equity Group Inc. Buys Shares of 3,579 iShares U.S. Real Estate ETF (NYSEARCA:IYR)

World Equity Group Inc. purchased a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,579 shares of the real estate investment trust’s stock, valued at approximately $343,000.

Other hedge funds have also made changes to their positions in the company. Synergy Investment Management LLC purchased a new stake in iShares U.S. Real Estate ETF during the 4th quarter worth approximately $27,000. Redwood Park Advisors LLC acquired a new position in shares of iShares U.S. Real Estate ETF in the fourth quarter worth $36,000. Wealthfront Advisers LLC acquired a new position in shares of iShares U.S. Real Estate ETF in the fourth quarter worth $42,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares U.S. Real Estate ETF during the fourth quarter worth $56,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of iShares U.S. Real Estate ETF in the fourth quarter valued at $99,000.

iShares U.S. Real Estate ETF Stock Performance

NYSEARCA:IYR opened at $94.55 on Friday. iShares U.S. Real Estate ETF has a 12-month low of $81.53 and a 12-month high of $104.04. The firm has a market cap of $3.78 billion, a PE ratio of 31.45 and a beta of 1.01. The stock has a fifty day moving average price of $93.67 and a 200 day moving average price of $94.18.

About iShares U.S. Real Estate ETF

iShares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market, and includes companies in the industry groups, such as real estate holding and development and real estate investment trusts (REITs).